We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Lehman Abs Mbna CL A | NYSE:CYG | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Jun 2019 to Jun 2024
Cooper-Standard Automotive Inc. joined the roster of parts makers under Chapter 11 bankruptcy protection Monday, listing debts of nearly $1.8 billion.
Owned by Goldman Sachs Group (GS) and private equity firm Cypress Group (CYG.XX), the Novi, Mich., company has been in talks with lenders about a balance sheet restructuring to get liabilities in line with conditions in the distressed automotive industry.
Jobs cuts and operational changes designed to streamline the operation were announced earlier this year, but ratings agency Standard & Poor's warned the auto parts supplier could be headed to bankruptcy.
Cooper-Standard's liabilities include $313 million worth of senior subordinated debt due in 2014, and $200 million worth of senior notes due in 2012, according to early documents filed in the U.S. Bankruptcy Court in Wilmington, Del. The company has hired the law firms of Fried, Frank, Harris Shriver & Jacobson and Richards Layton & Finger.
Financial advisers include Alvarez & Marsal and Lazard Freres & Co.
-By Peg Brickley, Dow Jones Newswires; 215-462-0953, peg.brickley@dowjones.com
1 Year Lehman Abs Mbna Chart |
1 Month Lehman Abs Mbna Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
